BTC Shorts LOW - What this really means

BTC Shorts have dropped (indicating that traders expect BTC to increase in value) into an area that for exactly a year now has provided both strong support and a good indicator that BTC is actually about to fall in value.

BTC Shorts went below 21500 only three times last year... in May, July and November - when traders bet that BTC would increase in value. Instead, on all three occasions BTC was just about to experience a substantial drop in value.

  • May 2018 - BTC at $10000 - falls to $6000 - a drop of $4000 or 40%
  • July 2018 - BTC at $8500 - falls to $6000 - a drop of $2500 or 30%
  • Nov 2018 - BTC at $6500 - falls to $3250 - a drop of $3250 or 50%
  • Feb 2019 - BTC at $4000 - possible fall to $2600 support area - a drop of $1400 or 35%

Please give me a thumbs up and follow me if you found my analysis interesting.
This is for educational purposes only and not a recommendation to buy or sell.
possible, but if we get out of bear, short gona cover and/or the number of shorts are gona rise if/when btc gain in value.
+1 Reply
@dejc123, There is very little to suggest this bear market won’t go on for many more months.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out